Oklahoma shale production could increase
After mixed results for the second quarter, U.S. shale player BNK Petroleum said it was anticipating more production from its assets in Oklahoma. BNK Petroleum Inc., which has headquarters in Continue Reading
A future of cheap oil
An ongoing price slump is rattling the industry and weakening petrostates. How will low prices change the world? Here’s everything you need to know: How cheap is oil? Prices have Continue Reading
U.S. shale output poised to keep rising despite investor concerns
Shale production in the largest U.S. oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry’s latest quarterly results. The Continue Reading
North Dakota oil production slips about 1 percent in June
North Dakota’s oil output slipped about 1 percent in June but should remain above 1 million barrels per day for the foreseeable future, state officials said on Friday. The optimistic Continue Reading
U.S. drillers add oil rigs for second week in three: Baker Hughes
U.S. energy companies added oil rigs for a second time in the last three weeks, extending a 15-month drilling recovery, but the pace of additions has slowed in recent months Continue Reading
Texas rig permitting nearly doubles from 2016
Accounting for about half of all the active rigs in the United States, the energy regulator in Texas said total drilling permits nearly doubled from last year. The Railroad Commission Continue Reading
Oil Rig Count Rises Despite Ballooning Shale Debt
The number of active oil and gas rigs in the United States rose this week by 5 rigs as drillers in the United States continue to add rigs in defiance Continue Reading
Continental Resources says it will do more with less
Continental Resources, one of the larger U.S. shale players, said it would be cash neutral in the current market, but raised its forecast for annual production. Continental is active in Continue Reading
Investors Question Oil Output in Permian Basin, America’s Fastest-Growing Field
Investors helped turn West Texas’ Permian Basin into America’s fastest-growing oil field, but their confidence is cracking over whether drillers can keep production rising. Questions mounted last week after Pioneer Natural Continue Reading
Summary of Weekly Petroleum Data for the Week Ending August 4, 2017
U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending August 4, 2017, 166,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading